ATW Patience Pays Off

May 52.5 Calls Trigger

By Bryan Bottarelli
Tuesday, April 11, 2006 11:57 AM EST
Tue, 11 Apr 2006 16:57:00 GMT

Dear Bottarelli Research Member,

First off, it looks like our sell price on SWN May 30 Calls (SWN EF) was timed perfectly. We sold at the exact high of the day, and now the stock is moving off those daily highs and trading almost $1.00 lower than where we sold. Now that’s good trading!

Another good move was not panicking about the up-move on ATW. I wanted to you hold firm on your $5.00 buy price and let the market come back to you — and this is exactly what happened. As I write, the ATW May 52.5 Calls (ATW EX) are trading between $4.90 and $5.10, which should be triggering a buy at these levels.

PLAY: Buy the ATW May 52.5 Calls (ATW EX) at or under $5.00, good for the day.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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